The Calcutta High Court on Monday imposed a "token cost of Rs 10,000" on president of the Board of Control for Cricket in India (BCCI) Saurav Ganguly and Rs 50,000 each on the West Bengal government and a state-owned corporation, in connection with an out-of-turn land allotment.
Betting on teams in the IPL is illegal. But what happens when the franchises become public companies? Will speculating on their shares impact the players or the game? If this speculation, in the stock market, is legitimate, how is betting on the teams not?
DCHL then approached the Bombay High Court claiming that the termination was arbitrary. The HC in September 2012 appointed retired Supreme Court Justice C K Thakker as the sole Arbitrator to decide the matter.